According to data released yesterday by the National Statistics Institute (Ine), the number of mortgages taken out on housing fell by 10.3% last January compared to the same month in 2023, to 33,128 loans, with the average interest rate soaring to levels not seen in almost a decade. Specifically, this reached 3.46%, compared with 3.32% in December, thus reaching its highest value since the end of 2014, when it stood…
According to data published yesterday by the National Statistics Institute (INE), the number of mortgages taken out on dwellings fell by 19.1% in November in year-on-year terms (-22.3% in October), making a string of 10 months of year-on-year falls. The INE also reported that the average amount of mortgages on dwellings fell by 0.5% year-on-year in November, to €145,894. At the same time, the capital loaned decreased by 19.5%, to…
Ibercaja| The number of mortgages on homes granted in Spain fell by -29.6% year-on-year in September, the average amount remained stable (0.0% at €143,186) and the total amount granted fell by -29.7%. So far this year, with data accumulated from January to September, the fall in the number of mortgages granted is -17.2%, in the average amount -2.1% and in the total amount granted -18.6%. The number of mortgages granted…
Santiago Martínez (Ibercaja)| The number of mortgages granted in Spain fell by -22.7% year-on-year in August, the average amount by -4.9% (to €138,171) and the total amount granted by -26.2%. As can be seen in the evolution of both sales and mortgages granted, the correction of the real estate market continues its course from transaction levels that seemed unsustainable if we take into account recent demographic trends and those expected…
Santiago Martinez (Ibercaja) | The number of mortgages granted in Spain fell by -18.8% year-on-year in July, the average amount by -2.1% (to €143,412) and the total amount granted by -20.9%. These data are in line with what we have been seeing throughout the year, an expected correction from levels that were considered unsustainable after the emergence of pent-up demand during the pandemic, as well as changes in buyer preferences…
Ibercaja | In May, in line with recent months, the number of mortgages on dwellings registered in the property registers fell by 33,398, 24.0% fewer in annual terms. In 2021 and 2022 (especially the first half of the year) there has been high growth in the mortgage market due to the existence of accelerating levers in this market: savings accumulated during the pandemic, change in consumer tastes (houses, flats with…
Alphavalue/DIVACONS| The annualised return on equity of Spanish banks rose to 11.15% compared with 9.86% in the previous quarter and 10.56% in the same quarter last year, according to supervisory statistics on credit institutions for the first quarter of this year published on Thursday by the Bank of Spain. On the other hand, the average rate at which Spanish banks granted mortgage loans in June reached 4.045%, which is its…
Alphavalue / Divacons| Spain’s mortgage portfolio will fall by 1.7% this year and will not recover to the levels seen in 2022 until 2026, according to a report by the consultancy firm EY published on Monday. Specifically, the professional services firm estimates that the outstanding balance of the Spanish mortgage portfolio will end the year down 1.7% to 484,000 million euros. In the coming years it will grow again, but…
The number of mortgages for homes granted in Spain fell in December by -8.8% year-on-year and the average amount by -1.1%, so that the total amount granted fell by -9.2% year-on-year. These are the first year-on-year falls since February 2021, when the data still reflected the extraordinary setback experienced during the most acute stages of the pandemic. The average interest rate for residential mortgages in December reached 2.67%, with an…
The number of mortgages taken out on homes increased by 29.4% last January compared with the same month of 2021, to 36,185 loans. However, despite exceeding the figure of a year earlier, the volume of homes mortgaged in January this year has remained below the more than 40,000 that were signed in January 2020, before the pandemic. According to data released on Monday by the National Institute of Statistics (INE),…